Grand Prairie, TX
If you are in Grand Prairie and are facing an emergency expense, you may be in luck. Lone Star Cash Services is here to give you an option that could put several hundred dollars in your bank account quickly. That option is a cash advance loan. These are loans designed to be easy to qualify for and to fund quickly. If you are already familiar with these loans, why not go ahead and get started with the short form below.
Emergency Cash In Grand Prairie
If you need money in a hurry, a cash advance might be just the ticket. So what exactly is a cash advance? Well, it is a loan that is designed to get you by until your next paycheck. This is why they are commonly called payday loans. They have a number of good points as well as a few negative ones.
First, the good. These loans are very easy to qualify for, making cash accessible for those who would not qualify for conventional funding. Second, they fund quickly with money often being deposited on the very next business day. Lastly, they are quick to apply for with no heavy paperwork requirements. You can get approved in just a matter of minutes.
Now, for the bad points. First, these loans are limited to a few hundred dollars with amounts rarely exceeding $1000. If you need a large loan, these are not for you. Second, these loans have high fees. When expressed as interest rates, they are in the hundreds. This means that you should only use these loans as a last resort. They can be great tools for an emergency, but they are not for everyone. Before committing, look at all of your other options.
Alternatives To Payday Loans
You may have other choices besides a payday loan in Grand Prairie. Before you commit to a loan, you might consider one of the options below. Get your loan quote and then compare the fees to the below options. Then you can choose the option that works best for you.
Credit Card Advances
If you have money available on your credit card, you can get an advance on it. Just take the card to an ATM or a bank to get cash. Keep in mind that you will pay the highest interest on cash withdrawals and your credit card company may charge additional fees.
Sell Your Junk
Chances are good that you have some junk lying around that you just do not need. One persons junk is another persons treasure. Sell your used stuff on local marketplaces or on eBay and put some money in your pocket. The only downside to this is that you may have to wait a few days or even a week to get your money so this is not the fastest route.
Ask Your Family
Your family may be able to help you with a few hundred dollars. Even if they can not give you the full amount, every dollar you borrow from family is a dollar you will not pay fees on.
- Why are the fees so much higher than other loans?
Mainly because of risk and reward. The risk is higher so lenders demand a higher reward. Without the high fees, lenders could not supply Grand Prairie with these loans because they could not absorb the risk.
- When can I get money?
Most people will have money deposited within one business day but it may take longer. Holidays and weekends might delay the processing of your loan.
- What if I can not pay back my loan on time?
Contact your lender and ask for an extension. Keep in mind that there will be fees, based on the outstanding principle. Pay off any amount that you can to lower fees. If you think that you will be unable to pay back your loan, contact your lender just as soon as possible.
- Must I have a checking account?
Yes, a savings account will not do. You will need a checking account to qualify.Your lender will deposit your loan directly into your account and will take out the repayment automatically on the due date.
- What if I am out of work?
You must be able to show your lender that you have a source of income. This does not have to be a job, it could be retirement benefits, alimony, structured settlements, etc.